Adani Energy Solutions Limited (AESL), a prominent player in the Adani Group, has made headlines by securing a significant power transmission project in Gujarat. This achievement marks yet another milestone for AESL, reflecting its commitment to enhancing India’s energy infrastructure and supporting the nation’s greener initiatives.
Project Details and Financial Overview
Under the tariff-based competitive bidding (TBCB) framework, AESL clinched the project with the collaborative efforts of PFC Consulting, which coordinated the bidding process. The official transfer of the project Special Purpose Vehicle (SPV) to AESL occurred on March 20, 2025.
This victory represents AESL’s sixth contract win for the fiscal year, raising its impressive order book to ₹57,561 crore. The project, estimated to cost ₹2,800 crore, is set to deliver green electrons essential for producing green hydrogen and green ammonia in Mundra, Gujarat, within a timeline of 36 months.
Infrastructure Enhancements
The scope of this ambitious project includes upgrading the Navinal (Mundra) electrical substation by incorporating two substantial 765/400kV transformers. Furthermore, a 75 km long 765kV double-circuit line will be constructed to link this substation to the Bhuj substation, significantly improving the region’s energy transmission capabilities.
Future Growth Projections
According to recent insights from Elara Capital, AESL’s transmission EBITDA is projected to double, reaching ₹7,600 crore by FY27E. This growth is anticipated to be fueled by India’s ambitious renewable energy (RE) targets.
Additionally, the demand for electricity in the Mundra SEZ is expected to skyrocket from 50MW to 5GW. This surge will push the regulated asset base (RAB) to between ₹1,500 crore and ₹2,000 crore. Concurrently, AESL’s operations in Mumbai are set to receive an annual capital expenditure ranging from ₹1,200 crore to ₹1,500 crore, which is projected to elevate regulated equity to ₹6,000 crore by FY27.
Innovations in Renewable Energy
In tandem with these developments, L&T Electrolyser has recently dispatched an indigenously produced High-Pressure Alkaline Electrolyser for installation at the forthcoming 1 MW green hydrogen facility at Deendayal Port, Kandla. This move underscores the growing momentum in India’s green energy sector.
Adani Energy Solutions continues to solidify its position as a leader in the transition to sustainable energy, showcasing its commitment through strategic project wins and technological advancements in renewable energy production.
